Answer to Question #90422 in Economics of Enterprise for Jerome

Question #90422
explain the crude quantity theory of money with their equation P=aM
1
Expert's answer
2019-06-03T12:20:16-0400

The Crude Quantity Theory of Money is a theory of the classical economists which explains the relationship between money supply and price level.

The prime message of this theory is that money supply will change price level proportionately especially in the short run. 


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